OA-1





(Aircraft Lease MSN 42000181)



(b) \_End of Term Purchase Option Election Notice\_. Prior to the Expiration
Date, Lessee shall provide Lessor with written notice pursuant to which Lessee
will indicate its irrevocable election to either purchase the Aircraft
pursuant to Section 1(b) above or return the Aircraft pursuant to the Return
Addendum (an “ \*\*End of Term Election Notice\*\* ”)



(c) \_Deemed Waiver\_. Notwithstanding the provisions of Section 1(b) above,
Lessee shall be deemed to have waived the purchase option set forth in Section
1(b) above unless Lessee provides Lessor with an End of Term Election Notice
on or before the two hundred seventieth (270th) day prior to the Expiration
Date; except that Lessee shall be deemed to have irrevocably elected to return
the Aircraft pursuant to Section 1 above if Lessee’s End of Term Election
Notice asserted its election to so return the Aircraft or if Lessee fails to
provide Lessor with written notice of Lessee’s irrevocable election to
purchase the Aircraft by the one hundred eightieth (180th) day prior to the
Expiration Date.



(d) \_Return Election\_. If Lessee elects to return the Aircraft, either by
notifying Lessor of such election by delivering its End of Term Election
Notice on a timely basis, or by failing to timely deliver an End of Term
Election Notice in accordance with the applicable provisions of this Section
4, Lessee shall return the Aircraft as and when required by the Return
Addendum.